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Affordable Housing

India : Urban Housing shortage

As per Census of India 2011, around 31% of the Indian population (380 million) live in urban areas. With the growing concentration of people in urban areas, skyrocketing prices of land and high demand for real estate have forced the urban poor to occupy the marginal lands typified by poor housing stock, congestion and obsolescence.

In 2012, India's urban housing shortage was estimated at near 18.78 million households. (EWS) and (LIG) together accounts around 95% of the total urban housing shortage. This shortage is not completely due to the absence of housing but due to inadequate housing.

Around 80% of this shortage is due to households living in congestion, 12% is attributed to living in old and obsolescent housing and 5% living in katcha houses. Only 3% of the urban households in India are homeless.

14.99 Mn

+ (80%)

Households living in congested houses requiring new houses

0.53 Mn

+ (3%)

Households living in homeless conditions

0.99 Mn

+ (5%)

Households living in non serviceable Katcha houses

2.27 Mn

= (12%)

Households living in obsolescent houses

18.78 Mn


Urban Housing Shortage

Community with Social Infrastructure

Megalith Ventures is created with a specific aim to address the needs such as Affordable Housing, Healthcare, Education and Energy for the Lower Income Group (LIG) and Economically Weaker Section (EWS) of the society.